Curtiss Wright Risk Analysis

Curtiss Wright Corporation -- USA Stock  

USD 120.24  2.19  1.79%

We consider Curtiss Wright not too risky. Curtiss Wright secures Sharpe Ratio (or Efficiency) of 0.1488 which signifies that Curtiss Wright had 0.1488% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Curtiss Wright Corporation which you can use to evaluate future volatility of the firm. Please confirm Curtiss Wright Downside Deviation of 1.28, Risk Adjusted Performance of 0.0844 and Mean Deviation of 0.9722 to double-check if risk estimate we provide are consistent with the epected return of 0.1791%.
Investment Horizon     30 Days    Login   to change

Curtiss Wright Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Curtiss Wright will likely underperform.
One Month Beta |Analyze Curtiss Wright Demand Trend
Check current 30 days Curtiss Wright correlation with market (DOW)
β = 1.1882
Curtiss Wright Large BetaCurtiss Wright Beta Legend

Curtiss Wright Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Curtiss Wright Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.1882 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Curtiss Wright will likely underperform. Additionally, Curtiss Wright Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Allowing for the 30-days total investment horizon, the coefficient of variation of Curtiss Wright is 671.85. The daily returns are destributed with a variance of 1.45 and standard deviation of 1.2. The mean deviation of Curtiss Wright Corporation is currently at 0.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.11
βBeta against DOW=1.19
σ
Overall volatility
=1.2
 IrInformation ratio =0.05

Actual Return Volatility

Curtiss Wright Corporation accepts 1.2029% volatility on return distribution over the 30 days horizon. DOW inherits 0.4491% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Curtiss Wright Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Almost mirrors market

Total Debt

Curtiss Wright Total Debt History

Total Debt

Largest Trends

Curtiss Wright Largest Period Trend

Investment Outlook

Curtiss Wright Investment Opportunity
Curtiss Wright Corporation has a volatility of 1.2 and is 2.67 times more volatile than DOW. 11% of all equities and portfolios are less risky than Curtiss Wright. Compared to the overall equity markets, volatility of historical daily returns of Curtiss Wright Corporation is lower than 11 (%) of all global equities and portfolios over the last 30 days. Use Curtiss Wright Corporation to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Curtiss Wright to be traded at $116.63 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Curtiss Wright will likely underperform.

Curtiss Wright correlation with market

Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Curtiss Wright Corp. and equity matching DJI index in the same portfolio.